Iconic US motorcycle firm suspends share buybacks to boost cash reserves
Harley-Davidson is in talks with big US banks to get $1.3bn in loans to ride out the crisis
28 April 2020 - 16:34
Bengaluru — Harley-Davidson cut its quarterly dividend to just US2c and suspended share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle sales in the first quarter.
The company, which has $1.47bn in cash, said it was in talks with big US banks to get an additional $1.3bn in loans to ride out the crisis...
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